MINA News

Gross revenues amount to €42 million

According to representatives of the Airports of Montenegro, this year’s gross revenues of this company amount to €42 million, 35 percent more compared to the same period last year.

Chairman of the Board of Directors Eldin Dobardzic stated that the company had achieved significantly better financial results and served more passengers compared to the previous year.

“At this point, we can say that we expect our EBITDA to exceed €11 million, with expected profits of around €10 million,” said Dobardzic.

The increase in revenue and profit stems from the growth in the number of passengers carried.

As specified by Board member Nebojsa Djokovic, Airports of Montenegro served over 2.45 million passengers from 1 January to 17 December, 31 percent more than in the same period last year and at approximately 94 percent of the 2019 level.